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China promised non-stop effort in reform and opening up and commitment to an open economy. Last month, the State Council, China's cabinet, vowed more measures to facilitate the delivery of major foreign-invested projects, lower tariffs on some imported goods and streamline customs clearance procedures at a faster pace.

China is willing to work with Namibia to continuously release new vigor of the friendship forged by the elder generation of leaders of the two countries, and the Chinese side will support and assist Namibia and other African countries in their push for developing economy and improving people's livelihood along a path suitable for their own national conditions, with a view to realizing the rise of Africa, a development miracle in history, according to Li.

China oil companies reported decline of net profit and revenue in the first quarter earnings, as the coronavirus epidemic hurt fuel consumption and resulted in collapsing oil prices.

China launched the auto insurance reform in 2015 by expanding the insurance coverage, simplifying the compensation process and improving the premium pricing mechanism to address the problem of "high premiums and low compensation".

China passed the United States last year as the world's biggest electric car market. Last year, China sold 507,000 NEVs, an increase of 53 percent year on year. Sales of pure electric vehicles surged 65.1 percent year on year to 409,000, accounting for 80 percent of new energy vehicle sales.